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Hybrid Simulation Models of Production Networks (Paperback, Softcover reprint of hardcover 1st ed. 2001)
Loot Price: R2,943
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Hybrid Simulation Models of Production Networks (Paperback, Softcover reprint of hardcover 1st ed. 2001)
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Industrial production is one of the most basic human activities
indispensable to the economic activity. Due to its complexity,
production is not very well understood and modeled as opposed to
traditional fields of inquiry such as physics. This book aims at
enhancing rigorous understanding of a particular area of
production, that of analysis and optimization of production lines
and networks using discrete event models and simulation. To our
knowledge, this is the first book treating this subject from the
point of view mentioned above. We have arrived at the realization
that discrete event models and simulation provide perhaps the best
tools to model production lines and networks for a number of
reasons. Analysis is precise but demands enormous computational
resources, usually unavailable in practical situations. Brute force
simulation is also precise but slow when quick decisions are to be
made. Approximate analytical models are fast but often unreliable
as far as accuracy is concerned. The approach of the book, on the
other hand, combines speed and accuracy to an exceptional degree in
most practical applications.
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